Transcription of APPENDIX D: VALUATION PROTOCOL - HUD
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1/06 D- 1 APPENDIX D: VALUATION PROTOCOL The appraisal process is the lender s tool for determining if a property meets the minimum requirements and eligibility standards for a FHA-insured mortgage. Underwriters bear primary responsibility for determining eligibility; however, the appraiser is the on-site representative for the lender and provides preliminary verification that the General Acceptability Criteria standards have been met. FHA RESIDENTIAL APPRAISAL REQUIREMENTS This section provides specific instructions for completing appraisal report forms.
deferred maintenance that do not rise to the level of a required repair but must be reported by the appraiser. The physical condition of existing building improvements is examined at the time of the appraisal to determine whether repairs, alterations or inspections are necessary - essential to eliminate conditions
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